Latest Weather Blog
LOOP starts service to 3 crude oil storage tanks
PORT FOURCHON - Louisiana Offshore Oil Port has started operations at three new above-ground crude oil tanks located at its Clovelly hub, adding 1.1 million barrels of storage capacity and giving the facility a total 10.1 million barrels of above-ground storage.
The tanks began service about 3 months ahead of schedule and will help LOOP meet market demands.
Earlier this year, LOOP began selling storage space to traders who needed a place to park their crude while waiting for oil prices to recover. The facility also can store 60 million barrels underground. It began as an import facility.
The expansion project, which began in April 2015, will add another four above-ground tanks and 1.4 million barrels of capacity in 2017.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
$5M plan to provide affordable rent to people with housing insecurity; awaiting...
Sources: State Police blocks ex-leader's son from getting coveted new job following...
Police: Drug dealer dumped Nathan Millard's body after he reportedly died from...
Teenager accused of killing 11-year-old boy, holding family hostage will stay in...
New charges filed in Nathan Millard investigation
LSU women's basketball looking to fight Michigan's height with speed
LSU Baseball opens SEC play - WBRZ Sports Takeover
Stadium Golf Tour comes to Baton Rouge
Catholic upsets Scotlandville in DI select title game for program's first state...
Port Allen wins 4th straight state title over Winnfield